SEOUL, March 10 (Korea Bizwire) – After witnessing the future of robots and artificial intelligence (AI) when pro Go player Lee Se-dol lost the first Go match to AlphaGo, robot-related stock prices are showing signs of ascent.
DST Robot, a manufacturer listed on KOSDAQ, saw its share price rise to the limit of 6,520 won during after-hours trading. DST Robot closed at 5,930 won on the regular market, which was a 7.82 percent rise compared to the day before.
Price swings during after-hours trading are limited to ±10 percent.
Woori Technology, which has the veteran robot business KMC Robotics as an affiliate, closed the market at 860 won, which was a 0.23 percent increase. However, the company’s share price rose to the limit of 946 won during after-hours trading.
Other companies engaging in the robot industry such as Robostar and Yujin Robot also showed saw their share prices soar in after-hours trading.
Industry watchers say that the investor interest in AI was reflected in after-hours trading, as news spread that Lee lost the first match to AlphaGo.
The market also expects that investors’ vague interest in AI will form a craze for AI and robot-related stocks, as four more matches remain between Lee and AlphaGo.
However, Choi Jun-young, a researcher at NHN Investment and Securities, warned investors to be cautious. “The phenomenon seems to reflect the anticipation investors have for robot-related stocks. But caution is needed, because the relationship between the profit growth of a company and share prices seems to be indirect.”
By M.H.Lee (email@example.com)